GBPUSD: Potential for uptrend continuation

FX:GBPUSD   British Pound/U.S. Dollar
The Pound is offering an interesting setup in the daily and weekly charts.
We can enter longs at market open with a stop under 1.4421, and aim for 1.52065, which will be fully confirmed if we get a strong weekly advance and don't retest the weekly mode support.
I reccomend risking between 0.5 and 1%.
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Ivan Labrie

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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.

Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise             directly or indirectly from use of or reliance             on such information.
Trade closed: stop reached: GBPUSD took a nose dive out of nowhere on absolutely NO news...rigged much?
I'm flat, after getting stopped for a minor loss, and don't intend on trading this pair for now. I reccomend not touching it before the 23rd, if this is going to be the norm.
Looks great
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IvanLabrie PRO Alex.Singletary
Let's see if we can get this one...the target isn't confirmed yet, but will be by the end of next week if all goes well.
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expecting a pretty quick impulse. Add if you can around 1.4475 (if it gets there lol)
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AGREED! I think I see similar long signal. However, we're in a Trading Range, capped around 1.476644 neighbourhood. Would be great to see what happens there.
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IvanLabrie PRO moorekapital
Yes, this is speculation that we'll go from ranging to trending up.
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this is my view.
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IvanLabrie PRO farid_ardavani
Seems reasonable Farid. Let's see if we get reasons to sell at the top. For now, the dollar has taken a fatal blow, and there is no ground for dollar strength until more information is available.
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Brexit poll
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IvanLabrie PRO Alex.Singletary
Now? 100% bs...I won't hand them my money. Might be an untradeable chop until these events are resolved during June.
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just shorted it....
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IvanLabrie PRO BernhardAnalytics
I'd rather not trade it personally. I'll wait for something clear.
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gbpusd is too fast and a bit crazy, better not trade it if you are not watching it or if you are slow.
IvanLabrie PRO BernhardAnalytics
Yes, it's too volatile right now.
2 polls released Sunday both put the leave campaign ahead of the remain camp.
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IvanLabrie PRO Gareth_Roberts
Interesting, a strange time to release that information but well. Thanks.
Things will get volatile fast at this rate.
I'll watch for now.
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yeah mate, very weird reaction today seeing from this pair. I think the brexit is starting to have some effect on it.
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